Bank of Hawaii Has $733,000 Position in Pioneer Natural Resources (PXD)

Bank of Hawaii increased its stake in Pioneer Natural Resources (NYSE:PXD) by 34.3% during the first quarter, Holdings Channel reports. The fund owned 3,935 shares of the oil and gas development company’s stock after buying an additional 1,006 shares during the period. Bank of Hawaii’s holdings in Pioneer Natural Resources were worth $733,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in PXD. Dai Ichi Life Insurance Company Ltd increased its position in Pioneer Natural Resources by 13.1% in the first quarter. Dai Ichi Life Insurance Company Ltd now owns 63,840 shares of the oil and gas development company’s stock valued at $11,889,000 after buying an additional 7,389 shares during the last quarter. Atlantic Trust Group LLC increased its position in Pioneer Natural Resources by 100.6% in the first quarter. Atlantic Trust Group LLC now owns 337,876 shares of the oil and gas development company’s stock valued at $62,922,000 after buying an additional 169,469 shares during the last quarter. Mckinley Capital Management LLC Delaware increased its position in Pioneer Natural Resources by 20.1% in the first quarter. Mckinley Capital Management LLC Delaware now owns 164,825 shares of the oil and gas development company’s stock valued at $30,695,000 after buying an additional 27,632 shares during the last quarter. Winfield Associates Inc. increased its position in Pioneer Natural Resources by 7.3% in the first quarter. Winfield Associates Inc. now owns 4,910 shares of the oil and gas development company’s stock valued at $914,000 after buying an additional 335 shares during the last quarter. Finally, Stifel Financial Corp increased its position in Pioneer Natural Resources by 142.3% in the first quarter. Stifel Financial Corp now owns 95,998 shares of the oil and gas development company’s stock valued at $17,925,000 after buying an additional 56,382 shares during the last quarter. 93.86% of the stock is owned by institutional investors.

Institutional Ownership by Quarter for Pioneer Natural Resources (NYSE:PXD)

Shares of Pioneer Natural Resources (PXD) traded up 1.47% on Friday, hitting $165.84. The company’s stock had a trading volume of 206,887 shares. The stock’s market capitalization is $28.21 billion. The stock’s 50 day moving average price is $171.08 and its 200 day moving average price is $181.73. Pioneer Natural Resources has a 52 week low of $146.08 and a 52 week high of $199.83.

Pioneer Natural Resources (NYSE:PXD) last posted its quarterly earnings results on Wednesday, May 3rd. The oil and gas development company reported $0.25 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.16 by $0.09. Pioneer Natural Resources had a negative net margin of 14.56% and a negative return on equity of 0.33%. The firm had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.10 billion. During the same quarter in the prior year, the business posted ($0.64) earnings per share. The company’s quarterly revenue was up 114.3% compared to the same quarter last year. On average, analysts forecast that Pioneer Natural Resources will post $1.83 earnings per share for the current fiscal year.

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Several research firms have weighed in on PXD. Credit Suisse Group AG reissued an “outperform” rating and set a $236.00 price target on shares of Pioneer Natural Resources in a research report on Friday, June 2nd. Jefferies Group LLC set a $243.00 price target on Pioneer Natural Resources and gave the stock a “buy” rating in a research report on Wednesday, May 17th. Scotiabank reaffirmed a “buy” rating and issued a $245.00 price objective on shares of Pioneer Natural Resources in a research report on Monday, May 15th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $233.00 price objective on shares of Pioneer Natural Resources in a research report on Friday, May 12th. Finally, Piper Jaffray Companies reaffirmed an “overweight” rating and issued a $246.00 price objective (up previously from $225.00) on shares of Pioneer Natural Resources in a research report on Thursday, May 11th. Four analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company’s stock. Pioneer Natural Resources has a consensus rating of “Buy” and a consensus price target of $216.50.

In related news, EVP Chris J. Cheatwood sold 5,749 shares of the stock in a transaction dated Monday, May 15th. The shares were sold at an average price of $173.79, for a total value of $999,118.71. Following the completion of the transaction, the executive vice president now owns 45,110 shares of the company’s stock, valued at $7,839,666.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.92% of the company’s stock.

Pioneer Natural Resources Company Profile

Pioneer Natural Resources Company is an oil and gas exploration and production company. The Company explores for, develops and produces oil, natural gas liquids (NGLs) and gas within the United States, with operations primarily in the Permian Basin in West Texas, the Eagle Ford Shale play in South Texas, the Raton field in southeast Colorado and the West Panhandle field in the Texas Panhandle.

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